GST was rolled out in June last year and 2 out of every 5 customers of ours were not able to survive the additional tax burden. They were forced to shut down their business as it was not profitable.

GST also had similar issues at supplier side too, most manufacturers closed their shutters. Surat market was on 3 week strike in June 2017.

The number of people who have started new shops was half compared to 2016-17. The major reason for slowdown was due to GST. Even though in these troubling times, few customers stayed strong with us. They believed things will get better soon.

New shop opening

FY17-18 = 3410

FY16-17 = 6235

% change = down 54%

We now have atleast 1 reseller in 1630 pincodes in India. See full list of our reseller network, see below

Our revenue in FY17-18 was 150% higher comparing last year, mainly because of repeat orders from our existing customers. However, were not able to generate profits, mainly because of restructuring & resizing our team after GST impact.